News

By Jason Scott, Mortgage Broker TMG The Mortgage Group We knew it was going to happen eventually. The Bank of Canada finally increased its overnight rate by .25 per cent to .75 per cent on July 12. Citing an approving economy, the BOC increased rates for the first time in…

The cost of mortgages for homebuyers with smaller down payments is going up today. Mortgage default insurance premiums – needed any time buyers have less than a 20 per cent down payment – will increase on March 17, 2017. The increase is meant to ensure mortgage insurance companies like Canadian…

In October, the Canadian Federal Government enacted changes to the country’s mortgage regulations, requiring homebuyers to pass a “stress test” and qualify for higher mortgage rates. As an Edmonton mortgage broker, Jason Scott has strived to stay up to date on all local and national market news and trends. Throughout…

Alberta’s housing market should be ending the year on a solid note. As we head into the colder months of the year, the housing market usually slows down. So far in 2016, the market has remained relatively constant despite the cooler weather. Sale numbers are consistent and prices remain stable,…